What kind of strategy is one by which a firm exploits its benefit or cost advantage through a higher market share rather than through high price-cost margins?
A)Pricing strategy
B)Share strategy
C)Margin strategy
D)Focus strategy
E)Generic strategy

Question

Quizplus · Accepted Answer

The strategy described is a share strategy, which focuses on gaining higher market share by leveraging a firm's cost or benefit advantage rather than relying on high price-cost margins. This strategy is often used by firms competing in crowded markets where pricing competition is intense, and gaining market share is an important priority. The other options (pricing strategy, margin strategy, focus strategy, and generic strategy) are not as closely aligned with the scenario described.

What Kind of Strategy Is One by Which a Firm